JLL has announced that its venture capital division, JLL Spark Global Ventures, has led a Series A funding round for PROBIS, a Munich-based company specializing in financial management solutions for real estate development using AI and benchmark technology.
PROBIS is focused on modernizing financial management practices in the real estate sector. The company’s platform offers robust financial control for development projects, utilizing advanced AI to improve cost and revenue management. The investment from JLL Spark is expected to support PROBIS in expanding its presence in the cloud-based project management market.
“This investment by JLL aligns with our global growth strategy,” stated Moritz Koppe, CEO of PROBIS. “Their support will enable us to enhance our offerings, particularly in cloud-based AI tools that strengthen our capabilities in multi-project management and provide real-time data to real estate lenders and developers.”
JLL Spark is dedicated to investing in PropTech companies that introduce innovative solutions to the real estate industry. The strategic investment in PROBIS aims to further digital transformation and improve efficiency in the sector. This partnership allows PROBIS to benefit from JLL’s extensive resources and the expertise of JLL Spark in both PropTech and FinTech, facilitating the advancement of its software solutions.
“After thorough evaluation, we found PROBIS’ financial management technology to be a strong fit for JLL and its clients, making it a compelling investment opportunity for JLL Spark,” commented Sean Wright, Principal at JLL Spark EMEA. “We are optimistic about this partnership and look forward to collaborating with the PROBIS team in the future.”
“The investment in PROBIS is a significant step in JLL’s digital transformation within our Project & Development Services division,” added Dunja Nigrin, Head of Project & Development Services DACH at JLL. “By integrating PROBIS’ AI-driven solutions with our industry expertise, we aim to redefine project and development management, providing clients with efficient, automated oversight from planning through to completion. This collaboration highlights our commitment to setting new benchmarks in ESG, revenue, and construction cost control, ultimately delivering greater value and savings for our clients.”
The Series A funding round highlights PROBIS’ dedication to utilizing technology for enhanced AI-based financial management. This partnership is anticipated to make significant strides in the digitalization of the real estate industry.
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By Proptechbuzz
By Ravi Kumar
